Dead Cat to 72.00

Looking for a possible dead cat bounce back to 72.00 off these pivots.

Kommentar:

Current 4HR candle is a long legged doji in this confluence area... if it stays this way I will put a buy limit at the high of it to 72.00 target.

Kommentar:

Still haven't got this entry as I am waiting for the bottom indicator to put in a double bottom and bullish divergence. I am noticing some buying here on the combined old 61.8% fib level and 50% fib level of the recent leg up.

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The bottom indicator can be found on my scripts page called "RSI Shaded", it is the last one. It is based on Larry Connors work "Short Term Trading Strategies that Work". It is a modified RSI:

2 Period RSI
3 Period Smoothing of that RSI
OB = 85
OS = 15

Kommentar:

So far a $1.00 bounce off those two fib levels.